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“#GameStop insurgency just latest rebellion against ‘the Big Guys’” Joe Biden is president. Democrats control the House and Senate. Tech overlords are quashing dissent. We’re in the middle of what our betters call the “Great Reset,” when the power of big institutions and the Really Smart People™ is supposed to be re-established after the unfortunate deviation of the…
“#22-year-old risked parents’ mortgage on GameStop: ‘You only live once’” Jack West bet it all when he took out a second mortgage from his parents’ to invest in GameStop and AMC stocks. The next day, the 22-year-old Indiana native nearly lost it all after Robinhood — the trading app meant to “democratize finance” — halted…
“#Elon Musk slams Discord for banning Reddit group amid GameStop trades” Tesla boss Elon Musk accused the group-chatting app Discord of “going corpo” after it banned a Reddit group that has sparked a massive rally in Gamestop, AMC and other previously unloved stocks. WallStreetBets, a Reddit chat room for retail investors, was purged from the…
“#Dave Portnoy rage-tweets at Robinhood over blocked stocks” Barstool Sports boss Dave Portnoy blasted Robinhood for restricting trading on GameStop, AMC and other stocks — saying he will “burn” the stock-trading app “to the ground.” Robinhood on Thursday joined Charles Schwab and TD Ameritrade in clamping down on GameStop and other shares due to volatility….
“#GameStop trading craze lifts shares of mining firm with same ticker” A tiny West Australian mining company has been caught up in the GameStop investing craze — thanks to a ticker symbol that matches that of the video game retailer. GME Resources, which trades on the Australian equities trading platform (ASX) under ticker symbol GME,…
“#American Airlines shares soar after mention in Reddit forum” Shares of American Airlines soared early Thursday after a mention on Reddit’s WallStreetBets forum, where rookie investors have been pumping up stocks of struggling companies at the expense of big Wall Street firms. “AAL the next GME?” Reddit user u/cardiffgiantthe1st wrote in the chat forum late…
“#White House monitoring GameStop stock explosion” The feds are keeping an eye on GameStop’s exploding stock price, White House press secretary Jen Psaki said Wednesday. Treasury Secretary Janet Yellen and other economic officials in the Biden administration are “monitoring the situation” with GameStop and other stocks that have been pumped up by rookie investors online,…
“#Why GameStop is surging and what it means for the stock market” GameStop is among a handful of previously unloved companies whose shares are spiking in recent weeks. They’re being fueled by an unruly crowd of individual investors on chat forums like Reddit. Here’s what you need to know. Why is GameStop up? GameStop was…
“#Stocks close at record highs after stimulus bill is signed” Wall Street hit record highs on Monday after President Trump signed the $2.3 trillion pandemic bill on Sunday, ending months of political wrangling and uncertainty. The Dow Jones Industrial Average closed up 204.10 points, or 0.68 percent, to 30,403.97 after Trump backed down from an…
“#Stocks recover as investors await new stimulus bill” US stocks plunged and then recovered Monday as fears about a new coronavirus strain in the UK damped optimism about Congress passing a new stimulus bill. The Dow Jones industrial average tumbled as much as 423.52 points, or 1.4 percent, to 29,804.48 in early trading after British officials…